The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-29

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/ result in higher prices for his product
ANOTHER or IT'S EVILS.
"In your opinion what would be the i'm
mediate effects Of law against erasing the
symbols of classification"
THE effect would be to restore confidence
| in our trade. Buyers would come III the
market, take the surplus Of rosin on specu-
! lation, and under the influences of healthy
competition prices would advance"
| but is there not an oveiproductlon or
naval Stores"
! Eyes, but prices are far below the cost OF
production. In fact, much lower than they
/ would be were it not for the hammcring
process Of the buyers who control the trade.
| This is apparent to spectators who, II they
| saw they could come in and have an even
chance to fill the demands of consumers,
would buy up the rosin because 1t Is cheap.
| With the other evils connected with horn
ing it shuts off speculation which is often
times a great relief to a market"
"Do you believe there are any conditions
under which the buyers would be injured by
being forbidden to erase the grade marks"
''No, sir: it can injure no buyer in deliv-
ering his sales to have the grade mark re
main on the barrel
''What is the effect of horning upon the
standing of the market"
''The effect is TO lower the standard, and
COilStlllltIo AbtlllB VIZ bNiASA
that they cannot receive justice if they
patrunize this market, will send their orders
elsewhere, and as a result a very large pro
portion of the rosin which should be sold di-
rcctly TO consumers from this port, is
shipped TO New York and delivered to the
consumers from that place"
AN ERROR OF JUDGMENT.
"What do you think are Mr.. Brantley's
motives in introducing this bill in its pres
ent formF
81 believe that Mr.. Brantley is not con-
versant with the real condition OF affairs III
the naval stores trade, and l believe that he
thought the bill in its present shape would
harmonic the discordant factions and put
stop to the evils from which the trade is
suffering. Asan evidence of the fact that he
does not understand the condition of affairs
he confounds the factor with the buyer.
The factor receives his shipments from the
producer and sells them to the buyers here
who sell the trade away from here. The
factor does not fiji the order of the con-
sumers, as Mr. Brantley seems to think.
Giving Mr.. Brantley credit for honest mo
tives, ] can conceive no other explanation
of his introducing this bill than his ignor-
ance of the relations existing between the
producer and the factor, the factor
and the buyer, and the buyer and the con-
sumner"
"Do factors-the men who receive the
naval stores from the producers-ever prac-
tice horning2'
''No, it is about impossible for them to do
anything of the kind Mr.. Brantley seems
to labor under the impression that they do,
but if he will make inquiry Of Intelligent
men who understand the naval stores bust
ness he will quickly become convinced that
neither rosin nor turpentine is ever horned
until it is sold and passes out Of the posses
sion Of the factors. Those who buy of the
factors get a copy of the certificate Of the
inspector, and besides, they are too well
acquainted with naval stores to be taken in
by horning."
CASES NOT ANALOGOUS.
"Why is there any desire to permit horn
ingl'
Our opponents say that we are no more
entitled to the benefit of our inspection than
are the cotton factors, but the cases are diff
ferent When cotton is shipped a sample
goes with it, and if the bale does not come
up to the sample it is rejected, but it is not
so with rosin. Then, too, midding cotton in
Savannah is not middling in New York or
Liverpool, but the shipper here knows What
Savannah middling would grade in New
York or Liverpool, and he grasses the Savan-
nah grade and puts on it the New York or
Liverpool grade, as the case may be, Sd that
he really sells New York middling in New
York, anu Liverpool middling in Liverpool.
In other words, he sells his cotton
according to the classification of the
market to which it is going, but
there is only one grading of rosin through
out the whole world, and if K rosin is
horned to M in Savannah it is not NJ in
New York or anywhere else. 1t is a swim
die wherever it goes Rosin is different
from lumber and rice also. When a plank
is taken out Of a ships hold it shows for it
self, no matter what the inspection is, and
when merchant receives u barrel Of rice
he puts in a trier and inspects it for him
self, but the consumer of rosn cannot in
spect his own goods and must take them
according to the inspection and grades,
which are the same everywhere"
LEGISLATION NEEDED.
"Will the evil correct itself without legis-
lationm
''No sir; and for this reason | want
stringent legislation and that quickly Two
years ago this subject Of disregarding
Savannah inspection was fully discussed in
the Board of Trade from every standpoint.
|, in common with others, thought that con-
sumers would become so much en-
lightened upon this disreputable
practice that the dishonest buy
or would be forced to adopt square
dealing in order to retain his trade NY
observations since have fully proved to me.
The men who then were thriving at the OK
pense both of the producer and the con-
sumer by undertaking their competitors
and delivering to the consumer something
of less value than that which he bought,
have continued to thrive and grow in power,
until to-day they control the domestic trade
with as much confidence rs they could if
they had millions TO back them up In their
operations. He dictates prices to the factor
who is powerleSS to help himself and he
sells to the consumer at prices such rs will
give him handsome profit.
Does it require a large amount of money
to mouopolize the market in this wayF'
"No, sir; $4,000 cash capital will control
the trade in rosin where buyers have the
nerve TO fill the general demand for the for
ward months The banks are liberal in all
vanciug on yard receipts and it only takes
enough money to supply the bank with the
margins they require.
"Mr. Brantley has received some spicy let
tiers from Savannah factors on the subject
of his bill, and we are laying quietly by to
see what the next four or five days will
bring forth, and il his bill is urged there
will be some lively work done On the OPP
posing side"
The New Court House.